OPL CONSTRUCTION LIMITED |
Registered number: |
03550041 |
Balance Sheet |
as at 30 April 2023 |
|
Notes |
|
|
2023 |
|
|
2022 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
430,180 |
|
|
428,485 |
|
Current assets |
Debtors |
4 |
|
14,217 |
|
|
- |
Cash at bank and in hand |
|
|
(1,597) |
|
|
102 |
|
|
|
12,620 |
|
|
102 |
|
Creditors: amounts falling due within one year |
5 |
|
(26,527) |
|
|
(50,867) |
|
Net Current Liabilities |
|
|
|
(13,907) |
|
|
(50,765) |
|
Total assets less current liabilities |
|
|
|
416,273 |
|
|
377,720 |
|
Creditors: amounts falling due after more than one year |
6 |
|
|
(166,453) |
|
|
(152,114) |
|
|
|
Net Assets |
|
|
|
249,820 |
|
|
225,606 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
100 |
|
|
100 |
Profit and loss account |
|
|
|
249,720 |
|
|
225,506 |
|
Shareholder's funds |
|
|
|
249,820 |
|
|
225,606 |
|
|
|
|
|
|
|
|
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
OP LeBault |
Director |
Approved by the board on 20 February 2024 |
|
OPL CONSTRUCTION LIMITED |
Notes to the Accounts |
for the year ended 30 April 2023 |
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover includes revenue earned from the rendering of services and rentals received from business premises. |
|
|
Tangible fixed assets |
|
Tangible fixed assets, excluding Investment Properties, are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life. Investment Properties are initially included at cost and are subject to Fair Value assessment. At the Balance Sheet Date the Director considered the fair value to be reasonably close to cost. The Depreciation rates used in these accounts are: |
|
|
Freehold buildings |
Not depreciated |
|
Leasehold land and buildings |
Not depreciated |
|
Plant and machinery |
10% Reducing Balance |
|
Fixtures, fittings, tools and equipment |
10% Reducing Balance |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. |
|
|
2 |
Employees |
2023 |
|
2022 |
Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
Land and buildings |
|
Plant and machinery etc |
|
Total |
£ |
£ |
£ |
|
Cost |
|
At 1 May 2022 |
395,223 |
|
88,969 |
|
484,192 |
|
Additions |
- |
|
5,695 |
|
5,695 |
|
At 30 April 2023 |
395,223 |
|
94,664 |
|
489,887 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 May 2022 |
- |
|
55,707 |
|
55,707 |
|
Charge for the year |
- |
|
4,000 |
|
4,000 |
|
At 30 April 2023 |
- |
|
59,707 |
|
59,707 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 April 2023 |
395,223 |
|
34,957 |
|
430,180 |
|
At 30 April 2022 |
395,223 |
|
33,262 |
|
428,485 |
|
|
|
|
|
|
|
|
|
|
|
Freehold land and buildings: |
2023 |
|
2022 |
£ |
£ |
|
Historical cost |
395,223 |
|
395,223 |
|
Cumulative depreciation based on historical cost |
- |
|
- |
|
|
|
|
|
|
395,223 |
|
395,223 |
|
|
4 |
Debtors |
2023 |
|
2022 |
£ |
£ |
|
|
Trade debtors |
14,217 |
|
- |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
£ |
£ |
|
|
Bank loans and overdrafts |
21,631 |
|
36,440 |
|
Taxation and social security costs |
4,896 |
|
6,382 |
|
Other creditors |
- |
|
8,045 |
|
|
|
|
|
|
26,527 |
|
50,867 |
|
|
|
|
|
|
|
|
|
|
6 |
Creditors: amounts falling due after one year |
2023 |
|
2022 |
£ |
£ |
|
|
Bank loans |
166,453 |
|
152,114 |
|
|
|
|
|
|
|
|
|
|
7 |
Loans |
2023 |
|
2022 |
£ |
£ |
|
Creditors include: |
|
Instalments falling due for payment after more than five years |
93,802 |
|
94,164 |
|
|
|
|
|
|
|
|
|
|
|
Secured bank loans |
141,312 |
|
155,182 |
|
|
|
|
|
|
|
|
|
|
Secured bank loans are charged on the Company's land and buildings |
|
|
8 |
Related party transactions |
|
|
Dividend paid to Mr OP LeBault in the year £nil (2022 £Nil). |
|
|
9 |
Controlling party |
|
Mr OP LeBault |
|
|
|
10 |
Other information |
|
|
OPL CONSTRUCTION LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
39 Knoll Drive |
|
Coventry |
|
W Midlands |
|
CV3 5BU |